Novolipetsk Steel PJSC (XKAZ:RU_NLMK) ROCE % : 74.28% (As of Dec. 2021)

View and export this data going back to 2019. Start your Free Trial

What is Novolipetsk Steel PJSC ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Novolipetsk Steel PJSC's annualized ROCE % for the quarter that ended in Dec. 2021 was 74.28%.

Novolipetsk Steel PJSC ROCE % Historical Data

The historical data trend for Novolipetsk Steel PJSC's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novolipetsk Steel PJSC ROCE % Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

Get a 7-Day Free Trial

21.50

35.20

22.74

21.57

78.66

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															35.58	50.93	86.29	96.82	74.28

Novolipetsk Steel PJSC ROCE % Calculation

Novolipetsk Steel PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	2786115.021	/	( ( (4196478.065 - 971036.599)	+	(5303168.692 - 1444296.909) )	/ 2 )
	=	2786115.021	/	( (3225441.466	+	3858871.783)	/ 2 )
	=	2786115.021	/	3542156.6245
	=	78.66 %

Novolipetsk Steel PJSC's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	2818821.02	/	( ( (5044359.615 - 1313901.504)	+	(5303168.692 - 1444296.909) )	/ 2 )
	=	2818821.02	/	( ( 3730458.111	+	3858871.783 )	/ 2 )
	=	2818821.02	/	3794664.947
	=	74.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Novolipetsk Steel PJSC (XKAZ:RU_NLMK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Novolipetsk Steel PJSC ROCE % Related Terms

Thank you for viewing the detailed overview of Novolipetsk Steel PJSC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Novolipetsk Steel PJSC (XKAZ:RU_NLMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (XKAZ:RU_NLMK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

Novolipetsk Steel PJSC (XKAZ:RU_NLMK) Headlines

No Headlines